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Does a cosigners auto insurance go up if the owner is late with payments in Maryland?
Wiki User
∙ 12y ago
If your concerned about your friends or relatives late payments on their car note then I suspect that you are not just a co signor but are actually a co-buyer. If you are a co-buyer on the note then your credit score will certainly be affected by your co-buyers late payments and could also result in your insurance rates going up as well as increased interest rates on your credit cards and any other variable interest notes.
Wiki User
∙ 12y ago
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If the cosighner stops making payments on car loan but has the car and wont return it?
both owner cosigners credit will be affected both owner cosigners credit will be affected
If an insured driver with permission from an insured car's owner gets into an accident will the driver or the owner be responsible for payments?
the owner of the car with insurance will be responsible
Do cosigners for vehicles need a license?
guess what, a cosigner is an owner under the eyes of the law and the dealer....
What is special about a universal insurance?
Universal life insurance is special in that it allows the policy owner to alter the time period and amount of premium payments as well as the death benefit and you can do this while the policy is in effect. However the altered payments must be with limitations of the company you are getting the insurance through.
What is a life insurance policy dividend?
It's a payment made to the policy owner by the mutual insurance company when there is a profit. The policyholders are the owners of a mutual life insurance company and they share in the profits by receiving dividend payments from the insurance company.
Can you insure a car under a different name if you are still making payments?
Not enough information is given. The insurance is going to have to in the same name as the name of the owner on the loan papers. Who it is that actually MAKES the payments is immaterial to the insuror or the lender, just so long as the insurance policy is current.
Does a cosigner on a mortgage mean that person is an owner of the property?
Yes it does, Only after you refinance the property may you take the cosigners name of the mortgage loan.
If you car is financed and stolen what is the responsibility of the owner with reference to making payments and how is the process handled by the insurance co What if the car is never found?
The insurance company will pay the lender to the policy limits. This payment will only be made if you have theft coverage and not just minimum coverage. I believe you still have to make the payments, although I am not sure.
How much does an ice cream parlor owner make yearly?
I make about 90k on 280k in revenue. That inludes benefits like health insurance, cell phone, car payments and insurance. I get no vacation and no "days off" most years...
Can co owner not on registration take vehicle from owner who is on registration owner not on registration is responsible for loan and other owner is causing a default by keeping car and failing to gi?
No. You need a court order. If you agreed to obtain the car loan you should have placed your name as co-owner on the title. Since you are not on the title you cannot take possession of the car. Since you ARE responsible for the car loan you must keep the car payments current. You need to take the matter to court to request the car be retitled in your name. There is a more serious problem lurking. You need to make sure the insurance is current and that the car is fully insured. If the legal owner has allowed the insurance to lapse or does not have full coverage you will still be responsible for repayment of the loan if the car is wrecked. That situation arises frequently in cases like this one with individuals who are not responsible enough to make car payments. If they can't make the car payments then it usually follows that they cannot make insurance payments either. You need to get before a judge ASAP in order to get that car out of the possession of the legal "owner". Make certain you make the loan payments and that you have written proof that you are making them. You must bring that proof of payment to court as well as proof that you obtained the loan to pay for the car. If you find that the insurance has lapsed you should try to obtain proof of that also.
What is contingent owner on life insurance policy?
The new owner of a life insurance policy if the original owner dies before the insured.
What kind of health examination do you have to undergo before you can qualify for homeowner insurance?
You do not need a health examination to obtain home owner insurance. Your health is not an issue. If you were to suddenly die, after buying home owner insurance, the insurance company doesn't have to pay a death benefit, since home owner insurance isn't life insurance. What happens when a home owner dies is that someone else inherits the house. The new owner will have the option of continuing the existing home owner insurance policy.
